ADMA AS: årsregnskap 2019 vs 2018
Grew 26% on revenue, stronger earnings
approved 2020-02-25; registry 2020-03-14; journal 2020 240279
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADMA AS. Revenue 4.64m NOK → 5.86m NOK (+26.1%). Net result +240.2k NOK → +621.6k NOK. Equity 666.9k NOK → 288.5k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for ADMA AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.64m NOK to 5.86m NOK (+26.1% YoY). Calculated
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Operating result improved
Operating result +311.2k NOK → +793.3k NOK (op. margin 6.7% → 13.5%). Calculated
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Net result improved
Net result +240.2k NOK → +621.6k NOK (net margin 5.2% → 10.6%). Calculated
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Cash rose
Bank deposits 761.7k NOK → 1.77m NOK (+132.5% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.26× → 7.39×. Calculated
What deteriorated
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↓
Equity eroded
Book equity 666.9k NOK → 288.5k NOK (equity ratio 42.8% → 11.1%). Calculated
Things to notice
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·
Payroll increased
Salary cost 2.76m NOK → 3.38m NOK (59% → 58% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 939.5k NOK → 901.1k NOK (-4.1% YoY). Calculated